MBND vs. JPMB
Compare and contrast key facts about SPDR Nuveen Municipal Bond ETF (MBND) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB).
MBND and JPMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBND is an actively managed fund by State Street. It was launched on Feb 4, 2021. JPMB is a passively managed fund by JPMorgan that tracks the performance of the J.P. Morgan Emerging Markets Risk-Aware Bond Index. It was launched on Jan 29, 2018.
Performance
MBND vs. JPMB - Performance Comparison
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MBND vs. JPMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | -0.15% | 2.90% | 2.75% | 5.62% | -8.61% | 0.59% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | -1.85% | 13.73% | 1.46% | 9.48% | -16.05% | -1.49% |
Returns By Period
In the year-to-date period, MBND achieves a -0.15% return, which is significantly higher than JPMB's -1.85% return.
MBND
- 1D
- 0.25%
- 1M
- -1.87%
- YTD
- -0.15%
- 6M
- 1.01%
- 1Y
- 3.10%
- 3Y*
- 3.05%
- 5Y*
- 0.68%
- 10Y*
- —
JPMB
- 1D
- 1.03%
- 1M
- -3.52%
- YTD
- -1.85%
- 6M
- 0.04%
- 1Y
- 8.34%
- 3Y*
- 6.53%
- 5Y*
- 1.31%
- 10Y*
- —
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MBND vs. JPMB - Expense Ratio Comparison
MBND has a 0.40% expense ratio, which is higher than JPMB's 0.39% expense ratio.
Return for Risk
MBND vs. JPMB — Risk / Return Rank
MBND
JPMB
MBND vs. JPMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ETF (MBND) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MBND | JPMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.27 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.80 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.89 | -1.00 |
Martin ratioReturn relative to average drawdown | 2.71 | 7.38 | -4.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBND | JPMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.27 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.15 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.24 | -0.09 |
Correlation
The correlation between MBND and JPMB is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MBND vs. JPMB - Dividend Comparison
MBND's dividend yield for the trailing twelve months is around 3.53%, less than JPMB's 6.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | 3.53% | 3.43% | 2.72% | 2.53% | 1.61% | 1.62% | 0.00% | 0.00% | 0.00% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 6.24% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
Drawdowns
MBND vs. JPMB - Drawdown Comparison
The maximum MBND drawdown since its inception was -13.18%, smaller than the maximum JPMB drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for MBND and JPMB.
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Drawdown Indicators
| MBND | JPMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -26.33% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -4.61% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -13.18% | -26.16% | +12.98% |
Current DrawdownCurrent decline from peak | -1.87% | -3.52% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -7.19% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.18% | +0.03% |
Volatility
MBND vs. JPMB - Volatility Comparison
The current volatility for SPDR Nuveen Municipal Bond ETF (MBND) is 1.20%, while JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a volatility of 3.02%. This indicates that MBND experiences smaller price fluctuations and is considered to be less risky than JPMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBND | JPMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 3.02% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 3.78% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 6.61% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 8.93% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 9.71% | -6.28% |